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Wahanaya Team · 20 days ago

Customs scrapped the 15% 'used-import' valuation cut — did recon prices just jump for nothing?

For years, a car first registered overseas could still clear Sri Lanka Customs as a "used" import, getting a 15% cut off its assessed value under the old valuation rule. That discount is gone now — Customs says it closed a loophole that let some dealers register a car "new" abroad for a day, then ship it here as "used" to dodge tax. VIASL disagrees: they say the 15% cut reflected the real transaction price, and scrapping it just taxes overseas retail markups and dealer margins that nobody here actually paid. Either way, anyone shopping Japanese recon in the next few months is going to feel it at the valuation counter. Some say this finally closes a trick that let certain importers undercut honest sellers and the Treasury. Others say it's just one more revenue grab dressed up as reform, and it lands straight on the buyer, not the importer. If you've imported or priced a recon vehicle recently, what did your actual Customs valuation look like — did it jump noticeably, or was the old 15% already priced in quietly before this? Mehema review karapu kenek innawada, oyage Customs value eka mekata affect una da?
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